Donohoe will be ‘guided by Revenue’ on sharp fall in Iref tax take

Minister for Finance has in recent years moved to clamp down on what he called the ‘aggressive behaviour to avoid tax’ by investors that use the Iref structure to house their assets

Paschal Donohoe, Minister for Finance: ‘I will always be guided by them (Revenue) regarding what measures are appropriate on enforcements and efficiencies. Picture: Collins Photos Dublin

Paschal Donohoe has said he will be guided by a Revenue review into an unexplained drop-off in tax paid by Irish Real Estate Funds (Irefs) before he makes any decision on whether it needs to be addressed.

The Minister for Finance was responding to a Business Post story which detailed how a dramatic decline in taxes paid by large investment property funds has prompted a review by the Revenue Commissioners.

Institutional investors nearly doubled their ...